HOPE RESTORED MISSIONS

EIN: 842252859 501(c)(3) Education

Plano, TX

Total Revenue
$726,473
Total Expenses
$664,761
Total Assets
$398,972
Net Assets
$247,006
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
2019
Legal Domicile
TX
Principal Officer
Tamara Monroe
Phone
2145012181
Tax Period
2024-01-01 to 2024-12-31

HOPE RESTORED MISSIONS, founded in 2019, is a small nonprofit in the Education sector that reported $726K in total revenue in fiscal year 2024. Revenue surged 75% from the prior year, signaling strong growth momentum. Expenses of $665K left a modest 8% surplus.

Mission

On a foundation of love and support, Hope Restored Missions helps the most vulnerable in our community by meeting their immediate needs, building relationships, and providing resources that put them on a path to self-sustainability.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $726,464
Program Service Revenue $0
Investment Income $9
Other Revenue $0
TOTAL REVENUE $726,473

Expense Breakdown

Grants Paid $0
Salaries & Benefits $323,342
Fundraising Expenses $58,482
Program Expenses $573,236
Other Expenses $287,971
TOTAL EXPENSES $664,761

Year-over-Year Comparison

2024 2023 Change
Revenue $726,473 $416,001 +0.7%
Expenses $664,761 $371,047 +0.8%
Net Income $61,712 $44,954 +0.4%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
10
Independent Members
7
Employees
11
Volunteers
300

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
6
$7,097
Total Directors
10
$55,472
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Sharron Gray Board Member 40
Director
$48,375 $0 $48,375
Kathy Smith COO 40
Officer Director
$7,097 $0 $7,097
Bradley Rivers Board Member 4
Director
$0 $0 $0
Sherae Harding-Griffin Board Member 2
Director
$0 $0 $0
Jasmine Gause Board Member 20
Director
$0 $0 $0
Tamara Monroe Founder and CEO 60
Officer Director
$0 $0 $0
Adrienne Long Vice Chair 10
Officer Director
$0 $0 $0
Dr Melvin Randle Jr Chairman 20
Officer Director
$0 $0 $0
Landis Ford Treasurer 4
Officer Director
$0 $0 $0
Jacob McBride Secretary 6
Officer Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $726,473 $664,761 $398,972 $61,712
2024 $726,473 $664,761 $398,972 $61,712
2023 $416,001 $371,047 $390,063 $44,954
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